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This means that someone has entered into an agreement with someone else (shaken hands on) to exchange some goods or provide a service for some fixed amount of money. In some countries a verbal agreement (provided it can be proved) is legally binding while in other countries it can not be legally enforced (although there is a moral obligation to keep your word). It is always very important to be clear what you are and are not agreeing to.

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Peyton Beahan

Lvl 13
3y ago

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